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NexGen Hotels acquires Hotel Versey in Chicago

The 137-room hotel is the company’s first acquisition of the year

NexGen Hotels acquires Hotel Versey in Chicago

NEXGEN HOTELS RECENTLY acquired the 137-room Hotel Versey in Chicago, Illinois. The boutique property will be managed by Genuine Hospitality Group of St. Louis. The acquisition marks the first for NexGen in 2024, under the leadership of Chris Patel as president.

In November and December, the company acquired around three hotels within a few weeks.


“The Hotel Versey has been on our radar for a long time as it is steeped in rich hospitality tradition that dates back to the 1920s,” said Patel. “We hope to continue on with this tradition with this completely one-of-a-kind hotel.”

The hotel is located near 1920s Diversey Arms building, a Northside Chicago landmark that once served as the home of jazz musician Bix Beiderbecke. Additionally, it is close to Wrigley Field, Lake Michigan, Lincoln Park Zoo, DePaul University, and the Peggy Notebaert Nature Museum.

In December, NexGen Hotels acquired EVEN Hotel Miami – Airport in Miami, marking its third acquisition in a span of two weeks.

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Kabani Hotel Group Wraps 9th Annual Hotel Investment Forum
Photo credit: Kabani Hotel Group

Kabani wraps 9th investment forum

Summary:

  • Kabani Hotel Group concluded its 9th Annual Investment Forum in Miami.
  • Speakers included Peachtree’s Friedman and Wyndham’s Ballotti.
  • The trade show offered collaboration and industry business opportunities.

MORE THAN 300 HOTEL owners, investors, developers, lenders and executives attended Kabani Hotel Group’s 9th Annual Hotel Investment Forum at the JW Marriott Marquis in Miami, Florida. The forum was created to offer collaboration and industry business opportunities.

Speakers included Greg Friedman, CEO of Peachtree Group; Mitch Patel, founder and CEO of Vision Hospitality; and Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts.

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